A business owner in St. Lucie County, FL wanted to purchase a new office and went to his trusted bank.
He was shocked when his bank declined him because he was not going to occupy 51% or more of the space.
His bank representative recommended that he go to the BA Fund for further assistance on his loan. We found him 3 possible lending options for his requested loan amount of $327,000.
1. A 10-yr term at an interest rate of 4.12%. Interest rate locked for 5 years. The estimated monthly payments were $2,005.
2. A 10-yr term at an interest rate of 4.47%. Interest rate locked for 5 years. The estimated monthly payments were $2,078.
3. A 15-yr term at an interest rate of 4.58%. Interest rate locked for 5 years. The estimated monthly payments were $2,389.
Please contact the BA Fund today!